Exxon inks memorandum of understanding with Venezuela

 ExxonMobil announced that it had signed a memorandum of understanding with Venezuela, calling it a "meaningful first step" toward returning to the country it exited 19 years ago.

Exxon said it welcomes the opportunity to "evaluate potential upstream opportunities" with the Venezuelan government and PDVSA, the country's state-owned oil company, according to the Financial Times.

While praising the non-binding agreement, Exxon also noted that "any future investment would require stable policies, clear regulations, strong investment protections and competitive returns."

https://breakingthenews.net/Article/Exxon-inks-memorandum-of-understanding-with-Venezuela/67521878